After a long period of consolidation, Ripple (XRP) has made a comeback with an exponential rally. XRP price has increased over 90% in the last seven days, reaching above the $1 psychological mark. With Ripple, Solana also showed tremendous strength with the flag breakout pattern on Monday.
While Solana and Ripple have returned after a long consolidation, Cutoshi (CUTO) has become viral with its unique approach in the meme coin space. Because of the lucky charm and rare meme coin utility nature, CUTO has made headlines.
Ripple Breaks Out Of The Three Year Consolidation Amid CEO’s Political Connection Rumors
Rumors about Ripple CEO Brad Garlinghouse meeting President-elect Donald Trump have stirred up a storm of reactions. In the recent move, Ripple broke the three-year high rally, making a high of $1.26. This breakout also saw the XRP price make a one-year high volume, showcasing the higher participation in the rally.
Speculation about SEC Chair Gary Gensler’s potential resignation played a key role in the breakout this week. A leadership change at the SEC could halt plans to challenge rulings in the Ripple case, setting the Programmatic Sales of XRP ruling as a precedent for the US digital asset market.
In the XRP ETF news, the Bitwise filing comes after XRP-spot ETF filings from Bitwise Invest, Canary Funds, and 21Shares, all made before Trump’s election. If an XRP-spot ETF market takes off like the BTC-spot ETF market, it could push XRP to its 2018 all-time high of $3.3509.
Solana Leads The Market Forms New High
According to CoinMarketCap, Solana has hit a major milestone, with its market capitalization reaching around $117 billion. This historic high highlights Solana’s growing influence in the digital asset market. The upcoming U.S. elections and rapid advancements within the Solana ecosystem drive the recent surge in SOL’s value.
Data from DeFiLlama shows that Solana dApps generated a record-breaking $11.08 million in fees and $4 million in revenues in the last 24 hours, nearly doubling within a week. The surge came from increased meme coin trading on popular DeFi and DEX platforms. Solana and SOL-based projects Raydium and Jito currently hold three of the top five spots for fees and revenue rankings on DeFiLlama.
Cutoshi (CUTO) Prepares To Top The Solana Meme Coin List
Cutoshi is set to disrupt the MemeFi space with its innovative infrastructure and unique positioning in the market. The principles of Satoshi Nakamoto inspire Cutoshi and contain the charm of the legendary lucky Chinese cat. Cutoshi mixes the community approach of meme coins and utility features, helping it to compete in DeFi.
Cutoshi is still in its presale phase, but it went viral on X earlier this week, hitting the top trending spot in the US and worldwide. As excitement grew, more people jumped into the presale, helping it raise over $200,000 in just 24 hours. So far, the total amount raised has reached $877,000, with over 32% of the current presale stage already sold out in just a few days.
The Cutoshi cross-change exchange DEX is the main feature of the Cutoshi ecosystem. It allows users to swiftly and easily trade all the major blockchains with very low fees. The platform offers engaging content to help investors understand DeFi and discover long-term wealth-building strategies.
Cutoshi also provides multiple passive income opportunities, such as farming to earn rewards or completing presale challenges that reward users with additional CUTO tokens. Early adopters can also access exclusive NFTs, which could become highly valuable due to their limited supply.
Now that CUTO is listed on CoinMarketCap, the project is set to grow stronger as more people discover this undervalued MemeFi gem. With solid tokenomics and a well-planned roadmap, Cutoshi is definitely a project to keep an eye on before its token price rises even further.
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